Press release

CDP: The new Board of Directors appoints Luigi Paganetto as Vice Chairman and Fabrizio Palermo as Chief Executive Officer Members of Board Committees appointed

Rome, 27 July 2018

The new Board of Directors of Cassa depositi e prestiti Spa (CDP) – appointed by the Shareholders’ meeting held on July 24, 2018 – met today for the first time, chaired by Massimo Tononi.

The Board of Directors appointed Luigi Paganetto as Vice Chairman and Fabrizio Palermo as Chief Executive Officer of the company.

Fabrizio Palermo, currently also Chief Financial Officer of CDP, will keep his duties as Manager in charge of preparing the Company’s financial reports on interim basis, until the appointment by the Board of Directors of the new manager in charge.

In addition, the members of the Board committees were appointed: Strategic Committee, Risk Committee, Compensation Committee and Related Parties Committee.

The Strategic Committee, which supports the organization and coordination of the Board of Directors and the strategic supervision of the company’s activity, is composed of Massimo Tononi (Chairman), Luigi Paganetto and Fabrizio Palermo.

The Risk Committee, with supervision and proposing functions in the field of risk management and evaluation of new investment products, is composed of Luigi Paganetto (Chairman), Fabrizia Lapecorella, Fabiana Massa and Matteo Melley

The Compensation Committee, in charge of making proposals to the Board of Directors on the compensation of the Chairman, the Chief Executive Officer and the General Manager, is composed of Fabrizia Lapecorella (Chairman), Francesco Floro Flores and Alessandra Ruzzu.

The Related Parties Committee, responsible for issuing specific opinions on transactions with related parties carried out by CDP, is composed of Fabiana Massa (Chairman), Valentino Grant and Alessandra Ruzzu.

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